Death tax lives

House Democrats voted this afternoon to increase the estate tax for next year from zero to 45% on estates worth in excess of $3.5 million. All Republicans and 26 Democrats voted against the measure, which permanently extends the life of the so-called “Death Tax.”

Although it dramatically increases the tax for next year, the bill would make the the estate tax lower in the years after that than it was prior to the Bush tax package 2001.

The measure was sponsored by Rep. Earl Pomeroy, D, N.D. See how your Congressman voted here.

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Small, impassioned crowd celebrates the Fourth of July with protest for affirmative action

Lawmakers and marchers urge voters to pass Proposition 16 in the November ballot

Union threatens legal action after Police Commission expands use-of-force policy

San Francisco’s police union is pursuing legal action after the Police Commission… Continue reading

Giants announce health guidelines for Oracle Park

The San Francisco Giants announced Friday that the organization’s maintenance team will… Continue reading

Restorative art on the inside and out

Curator Ericka Scott organizes exhibition of works by prisoners

City Attorney seeks to recoup ‘illegal profits’ gained by Walter Wong through city contracts

San Francisco will seek to recover “illegal profits” gained by well-known permit… Continue reading

Most Read